American Vanguard Declares Quarterly Dividend
American Vanguard Corp. (NYSE:AVD) announced a cash dividend of $0.02 per share, payable on January 6, 2021, for shareholders of record by December 23, 2020. This dividend marks a return to payments after a pause due to the Covid-19 pandemic, demonstrating the company's confidence in its strategic growth plans, which include biological product development and market expansion.
The company had distributed $0.04 in 2020 and $0.08 in 2019, reflecting a downward trend in cash returns.
- Resumption of dividend payments indicates operational confidence.
- Strategic growth initiatives suggest potential for future revenue increases.
- Dividend amount decreased from $0.04 in 2020 and $0.08 in 2019.
- Uncertainty from Covid-19 may still impact future operational performance.
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NEWPORT BEACH, Calif.--(BUSINESS WIRE)--American Vanguard Corp. (NYSE:AVD) announced that its Board of Directors has declared a
Eric Wintemute, Chairman and CEO of American Vanguard, stated, “This dividend payment continues our history of providing cash returns to shareholders based on successful operational and financial performance. After a brief, prudent pause to assess the implication of the 2020 Covid-19 pandemic, I am pleased that we are resuming our quarterly dividend payment. It reflects the confidence that the Board of Directors has in our longer-term strategic growth initiatives including biological product development, geographic market expansion, consumer pest control and the commercialization of SIMPAS precision application technology. We appreciate the support of our shareholders as we develop and deliver important solutions that enhance agricultural productivity, safeguard public health and facilitate environmental sustainability.”
Annual Cash Dividend Payments: Based on Date of Cash Distribution
2021 - - Payment pending-January 2021 . . . . . . . . . . . . .
2020 - - Payments distributed in 2020 . . . . . . . . . . . . . . .
2019 - - Full Calendar Year . . . . . . . . . . . . . . . . . . . . . . . .
2018 - - Full Calendar Year. . . . . . . . . . . . . . . . . . . . . . . . .
2017 - - Full Calendar Year. . . . . . . . . . . . . . . . . . . . . . . . .
2016 - - Full Calendar Year. . . . . . . . . . . . . . . . . . . . . . . . .
About American Vanguard
American Vanguard Corporation is a diversified specialty and agricultural products company that develops and markets products for crop protection and management, turf and ornamentals management and public and animal health. American Vanguard is included on the Russell 2000® & Russell 3000® Indexes and the Standard & Poors Small Cap 600 Index. To learn more about American Vanguard, please reference the Company’s web site at www.american-vanguard.com.
In its public commentary, the Company may discuss forward-looking information. Except for the historical information contained in this release, all forward-looking statements are estimates by the Company’s management subject to various risks and uncertainties that may cause results to differ from management’s current expectations. Such factors include weather conditions, changes in regulatory policy and other risks as detailed in the Company’s SEC reports and filings. All forward-looking statements, if any, in this release represent the Company’s judgment as of the date of this release.
